The best indicator for Old Dominion (ODFL)
We backtested 382 indicators across daily, weekly and hourly charts on real Old Dominion (ODFL) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Fibonacci Pivots
On the daily chart, this is the strongest risk-adjusted edge we found for Old Dominion (ODFL) over ~34.6 years — beating buy-and-hold by 35.8% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Old Dominion (ODFL) — trailing buy-and-hold by 9.4% CAGR, out-of-sample. Fewer, higher-conviction trades than any single indicator.
The winner on each chart
Every indicator, ranked
Ranked by Sharpe (risk-adjusted return). Hypothetical, fees included.
| # | Indicator | TF | CAGR | Sharpe | Max DD | Win | Trades | vs B&H |
|---|---|---|---|---|---|---|---|---|
| 1 | Fibonacci Pivots ✓ | Daily | 55.1% | 1.52 | -45.6% | 52.4% | 1486 | 35.8% |
| 2 | Pivot Points (Standard) ✓ | Daily | 53.5% | 1.5 | -48.2% | 52.4% | 1396 | 34.2% |
| 3 | Camarilla Pivots ✓ | Daily | 49.6% | 1.36 | -55.0% | 51.7% | 1779 | 30.4% |
| 4 | Projection Bands ✓ | Daily | 37.0% | 1.23 | -37.4% | 58.2% | 349 | 17.7% |
| 5 | MA Envelope ✓ | Daily | 40.1% | 1.18 | -38.4% | 63.9% | 335 | 20.8% |
| 6 | Camarilla Pivots ✓ | Weekly | 20.7% | 0.88 | -41.7% | 51.9% | 378 | 1.6% |
| 7 | Connors RSI-2 ✓ | Daily | 18.2% | 0.86 | -49.2% | 64.8% | 369 | -1.1% |
| 8 | VWAP Bands ✓ | Daily | 18.9% | 0.86 | -29.8% | 69.5% | 131 | -0.4% |
| 9 | Connors RSI ✓ | Daily | 18.3% | 0.8 | -44.2% | 64.1% | 379 | -1.0% |
| 10 | Fibonacci Pivots ✓ | Weekly | 16.4% | 0.75 | -34.4% | 55.3% | 275 | -2.6% |
| 11 | Pivot Points (Standard) ✓ | Weekly | 14.7% | 0.7 | -34.9% | 54.7% | 247 | -4.3% |
| 12 | Demand Index ✓ | Daily | 20.3% | 0.68 | -49.4% | 65.1% | 361 | 1.0% |
| 13 | Murrey Math Lines ✓ | Daily | 17.2% | 0.67 | -42.7% | 74.2% | 93 | -2.0% |
| 14 | Bollinger Mean-Reversion ✓ | Daily | 13.3% | 0.65 | -39.3% | 68.5% | 127 | -6.0% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Old Dominion (ODFL), Fibonacci Pivots on the daily timeframe gave the best balance of return and risk in our test. It beat buy-and-hold — but remember: this is a hypothetical backtest of a standard rule, not a recommendation. Markets change. See the methodology and disclaimer.
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